EOS/USDT: Still looking for a larger adoption

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------

EOS/USDT: Still looking for a larger adoption

Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - EOS is still underperforming ETH & BTC looking for a larger adoption of its ecosystem
- We are watching at 1,85 as resistance to re-integrate to provide a clear recovery signal
- Watch 1,06 as key Tactical support


Market configuration

- Graphical Elements :
Graphical Resistance = 1,85 & 3,50
Graphical Support = 1,06

- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 1,30 = Bullish
RSI indicator (below) is now above 50% = Bullish

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 0,82
Fibonacci resistance of the wave in progress = 1,85
Fibonacci support of the wave (2) = 1,06
Fibonacci Bullish Target = 3,50


Conclusion

Preferred case => As long as 1,06 remains support we are looking to buy the dip in the buying area (1,30) in order to test and then surpass 1,85, before opening a further rise towards the double bottom potential at 3,50

NOTE: We are not considering this coin to be part of our portfolio regarding the relative underperformance on going versus ETH & BTC